Pride Investments launches new H-share fund

Pride Investments has launched a new H share fund in Hong Kong on October 22nd. Pride Investments is spearheaded by Lewis Wan, a former colleague of Aaron Boesky at Marco Polo Investments. The æPride China FundÆ starts with assets of $ 5 million and targets raising assets of $30 million by the end of 2007. The fund has a projected Sharpe ratio of 2-3 and a target annual return of 100%. . This long-only fund will by managed by Lewis Wan in Hong Kong together with Qi Jue and his researc…